OneAscent Wealth Management LLC Buys Shares of 11,458 HP Inc. $HPQ

OneAscent Wealth Management LLC acquired a new position in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 11,458 shares of the computer maker’s stock, valued at approximately $280,000.

Several other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its holdings in shares of HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after purchasing an additional 75,895 shares in the last quarter. Jump Financial LLC bought a new stake in HP in the first quarter worth $6,359,000. Longfellow Investment Management Co. LLC acquired a new position in HP during the first quarter worth $627,000. Maj Invest Holding A S raised its holdings in HP by 15.9% during the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock valued at $135,591,000 after buying an additional 761,622 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of HP by 96.8% in the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after buying an additional 1,147,342 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HPQ shares. Sanford C. Bernstein started coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Barclays decreased their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Wednesday, October 22nd. Finally, Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.71.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider owned 169 shares in the company, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.38% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $26.15 on Friday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a market cap of $24.44 billion, a PE ratio of 9.54, a PEG ratio of 2.23 and a beta of 1.28. The firm has a 50-day simple moving average of $27.66 and a 200 day simple moving average of $26.49.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.